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Putin Instructs Government To Prepare Legislation On Token Offerings, Cryptocurrency

In an October 21 press release , Russian President Vladimir Putin issued a series of directives instructing his government to draft legislation that would regulate many aspects of the blockchain space. This is consistent with a statement he made on October 10 suggesting the need for deeper state involvement in the sector. According to the document, Putin has tasked the country’s prime minister, Dmitry Medvedev, and central bank head, Elvira Nabiullina, with overseeing the passage of certain changes to Russia’s legal code by July 1, 2018. These include laws that would establish official definitions for a variety of digital […]